Trying to get results from a query – NEWB HELP!

Hey everyone,
I am trying to create my first wordpress theme and I am lost. I am trying to query all posts with a particular meta tag called featured_post in order to populate a jquery slider that will be in the home page but all I get is a blank site.

Here is the code that does not work.

$query = query_posts(array(
'post_type' => 'post',
'meta_query' => array(
	array(
		'key' => 'featured_post',
		'value' => '1',
		'compare' => '=='
	)
)
$queryObject = new WP_Query($query);
?>
		<div id="content">
			<div id="my-slideshow">
				<ul class="bjqs">
					<?php
						//while (have_posts()) : the_post();
					if ($queryObject->have_posts()) {
						while ($queryObject->have_posts()) {
							$queryObject->the_post();

					<!--<li class="slide">
						<?php the_post_thumbnail('full', array('title' => ""));?>
						<div class="expand"></div>
						<div class="slide_txt">
							<h2 class="post_title"><?php the_title_attribute()?></h2>
							<div class="post_desc">
								<p><?php the_content(); ?></p>
							</div>
							<div class="btn_push">
								<a href="<?php permalink_link(); ?>" class="more_btn">See More Projects</a>
							</div>
						</div>
					</li>
					<?php }
						}
					//endwhile;?>-->
				</ul>

I have had results before but unfortunately it gives me all of the posts and not the ones with that meta tag. I don’t know what I’m doing wrong but I have searched everywhere and can’t seem to get any progress. Thanks.

P.S. The query I had that did work for me is this one…

query_posts('cat=projects');
?>
		<div id="content">
			<div id="my-slideshow">
				<ul class="bjqs">
					<?php
						while (have_posts()) : the_post();
					?>
					<li class="slide">
						<?php the_post_thumbnail('full', array('title' => ""));?>
						<div class="expand"></div>
						<div class="slide_txt">
							<h2 class="post_title"><?php the_title_attribute()?></h2>
							<div class="post_desc">
								<p><?php the_content(); ?></p>
							</div>
							<div class="btn_push">
								<a href="<?php permalink_link(); ?>" class="more_btn">See More Projects</a>
							</div>
						</div>
					</li>
					<?php endwhile;?>
				</ul>